Fair Market Value
By: William Perez - March 21, 2018
IRS Definition of Fair Market Value (FMV)
- Eminent domain - where property is taken in lieu of sale (here, the seller is under duress)
- Liquidation sale
- Deed in lieu of foreclosure
- Distressed sale
** Disclaimer Required by IRS Circular 230** Unless otherwise expressly approved in advance by the undersigned, any discussion of federal tax matters herein is not intended and cannot be used 1) to avoid penalties under the Federal tax laws, or 2) to promote, market or recommend to another party any transaction or tax-related matter addressed.